Energy Update
Today's topics include the good news recently out about solar's penetration into the U.S. electricity supply as well as the bad news that it's still such a small amount. Then we'll look at a serious FERC ruling that could start to chip away at progress.
POWER-GEN Europe today marked its 25 anniversary by opening a new chapter in the history of European energy industry trade shows. Today the show’s owner, PennWell Corporation, unveiled Electrify Europe, the world’s first event dedicated to the convergence in the power generation and transmission and distribution sectors.
The green-bond market has boomed on the allure of investments that help the environment. Now, the industry is trying to show that the reality matches these ambitions. Advisers and rating companies are starting to track the environmental effect of projects funded by green bonds, such as the impact on air pollution.
The chief executive officer of Vestas Wind Systems A/S says the world’s biggest wind turbine maker wants to expand in the Middle East and the Asia Pacific region as it taps into growing demand for renewable energy in new markets.
The U.S. Conference of Mayors in Miami yesterday approved a resolution calling for 100 percent renewable energy in cities across the U.S. by 2035.
Sumitomo Heavy Industries has completed the acquisition of circulating fluidised bed (CFB) boiler business from Amec Foster Wheeler for around $170m.
(Tue, 27 Jun 2017) U.S. crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016. Exports of distillate, gasoline, propane, and crude oil have all increased, but at different paces and for different reasons.
President Trump has uncorked yet another controversy over energy vs the environment and it promises to be a heavyweight battle. Bob Williams elaborates.
Concentrating solar power (CSP) has existed since 1866, but for the last couple of decades, photovoltaic (PV) has been the dominant solar technology. Now with technological advancements and energy storage, CSP is poised to make a significant comeback.
In April, solar reached a new milestone, providing more than 2.3 percent of U.S. electrical supply, according to the latest issue of the U.S. Energy Information's (EIA) Electric Power Monthly, with data through April 30, 2017. Consequently, solar has now moved into third place among renewable sources — behind hydropower and wind but ahead of biomass and geothermal.
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